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CASH FLOW BUDGETING -> Also known as cash flow forecasts/estimates that anticipates all inflow/outflow. It is used to plan for a business operations or project to ensure sufficient funds.

Notes:

1. Budgeting always has a goal & set the direction of a business.
2. Ensures that money is allocated to those things that support the strategic objectives of the business
3. Helps everyone understand the priorities of the business
4. The process of creating a budget provides opportunities to involve staff, resulting in them sharing the organization’s vision;